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This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

Content is the opinion of the author and does not represent the position of any other person or entity. Information is from sources believed to be reliable but cannot be guaranteed.

The author is paid for product endorsements and has an ownership or other financial interest in the businesses related to the topics covered.

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Mega Life sued

originally posted: 11/22/2006  reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email asktony@tonynovak.com.

Q: I read that Mega Life was sued again by the government and saw your article about the company. What other affordable alternatives are available?

A: You are probably referring to the Massachusetts attorney general's office lawsuit filed in October 2006. This is more of a matter of internal legal bickering than it is about the company's policyholders. Massachusetts is the only state that requires its residents to have health insurance yet has apparently not decided which policies are a viable choice. In any event, there are similar low cost policies in most states that have a better public reputation. See the state by state listing at www.FreedomBenefits.net. Mega Life of Texas and Mid West Life of Tennessee are the two related companies that seem to draw the most negative comments in the media today. There are significant number of complaints and fines in other states as well. It would be wise to avoid them.

Summary

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